HOUSTON (AP) _ Noble Energy Inc. (NBL) on Monday reported a loss of $252 million in its fourth quarter.
The Houston-based company said it had a loss of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of 21 analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil and gas company posted revenue of $1.01 billion in the period, falling short of Street forecasts. Seventeen analysts surveyed by Zacks expected $1.04 billion.
For the year, the company reported that its loss narrowed to $998 million, or $2.32 per share. Revenue was reported as $3.49 billion.
Noble shares have risen 1 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 4 percent. In the final minutes of trading on Monday, shares hit $38.46, a climb of 38 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBL at https://www.zacks.com/ap/NBL
Keywords: Noble Energy, Earnings Report